$ 299,000
8542 IRONWOOD Street Detroit, MI 48204
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$ 299,000
Est. payment | /mo
4 Baths
4,356 Sqft Lot
$ 299,000
Est. payment | /mo
4 Baths
4,356 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240044443
Originating Board Realcomp
Year Built 1920
Annual Tax Amount $3,151
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 37.00 x 120.00
Property Description
Presenting a remarkable investment opportunity in the heart of Detroit—a four-unit brick building that stands as a testament to quality and potential. Located in a neighborhood showing strong signs of revitalization, this property offers a blend of historic charm and modern updates, making it an attractive prospect for both seasoned investors and those new to the real estate market.Each unit has been updated, featuring upgraded bathrooms that combine contemporary design with functionality. These spaces ensure a comfortable living experience for tenants.The building has been fitted with all new windows, improving energy efficiency and contributing to lower utility costs while providing abundant natural light throughout each unit.Each unit comes with its own separate gas and electric meters, allowing for individual billing and making it easier for tenants to manage their utility usage. The property features one water meter, simplifying water service management.The building includes a full basement, providing storage space and housing a convenient laundry area. This communal laundry facility is a desirable amenity for tenants, adding value to the rental units.Situated on a corner lot, the building is enclosed by a secure fence, offering privacy and a sense of community. The property also features newer gutters, ensuring proper drainage and reducing maintenance concerns.With street parking available, tenants and their guests will have no trouble finding convenient parking spots. This added convenience enhances the property's appeal.The building is currently vacant, making it ready for immediate occupancy. Its well-kept condition ensures that new tenants can move in without delay, maximizing rental income potential.The surrounding area is experiencing a notable resurgence. This revitalization contributes to a growing demand for quality rental units, positioning this property as a prime investment. The location has easy access to public transportation, major highways, and downtown Detroit.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Property is located on the south side of I-96 between Livernois and Tireman
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Others
Tax ID W16I003312S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Elite Realty
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Mike Himes
Lic# 501408694